US EditionBraehead Shopping Centre Sold in Possible £220m Deal
Frasers Group acquired Braehead Shopping Centre for £220 million, adding a centre with over 100 stores and 15 million annual visitors to its growing UK retail portfolio.
- Frasers Group completed the purchase of Braehead Shopping Centre in Renfrew in a deal reported at £220 million, led by Michael Murray and founded by Mike Ashley.
- After Intu's collapse, SGS UK Retail acquired Braehead, restructured and refinanced it, then stabilised the centre ahead of sale by attracting new brands.
- The centre draws over 15 million visitors annually, with Braehead Shopping Centre’s footfall and spend rising 3% and 4% year-on-year to June, while 16 brands renewed leases in 2025.
- Frasers said the purchase is a `significant addition` to its strong and growing portfolio, with Michael Murray, CEO at Frasers Group, saying it accelerates the Elevation Strategy.
- Braehead has signed the UK's first SuperPark, set to debut early next year, while SGS highlights significant value creation opportunities across its remaining three assets.
13 Articles
13 Articles
Frasers Group Acquires Braehead Shopping Centre In Scotland - Your Source For Retail News And Events
SGS UK Retail has sold the 1.1 million sq ft Braehead Shopping Centre to Frasers Group in a landmark deal. Alongside Braehead, SGS UK Retail owns Lakeside Shopping Centre, Victoria Centre in Nottingham and Harlequin Watford. The Group was restructured and refinanced in 2024 and has since delivered a comprehensive transformation programme that has significantly strengthened Braehead’s market position, operational effectiveness and sales perform…
Frasers Group Expands Retail Empire with Acquisition of Braehead Shopping Centre
Frasers Group has acquired the 1.1 million square foot Braehead Shopping Centre in Glasgow from SGS UK Retail, in a deal believed to be worth around £220 million. The seller, SGS UK Retail, which also owns the Victoria Centre in Nottingham and Harlequin Watford, has overseen a major transformation programme at Braehead since completing a restructuring process in 2024. This work has helped secure a series of new tenants, including the first Super…
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